Winton Capital Management Ltd., the $25.5 billion hedge fund firm founded by Cambridge-educated physicist David Harding, said full-year profit more than doubled after its main fund outperformed competitors.
JPMorgan Chase & Co., the largest U.S. bank, is poised to more than double the value of its investment in London Metal Exchange shares bought seven months ago from the U.K. unit of bankrupt MF Global Holdings Ltd.
European soccer’s governing body is preparing to punish teams for breaking new finance rules, and offenders may include some of the region’s biggest clubs including Paris Saint-Germain, Juventus and Manchester City.
Armajaro Trading Group Ltd., a London-based supplier of sugar, cocoa and coffee, reported a loss of $10.3 million for the year ended Sept. 30 as operating profit plunged, according to a filing to U.K. Companies House.
Armajaro Asset Management LLP, which manages seven investment funds including the CC+ Fund focused on cocoa and coffee, reported a 62 percent drop in profit for the 2012 fiscal year, citing “difficult market conditions.”